06/02/2017 – Crude Oil
July crude oil:
1. In Wednesdays (May 31) Williams edge live meeting it was noted that a daily close above $48.20 in July crude oil could be bought for further forecast advance.
2. Subsequently July crude oil closed at $48.63 (well above $48.20) indicating new long entry. Today, Friday, June 2) the market declined and stopped our position out at approximately $48.15, resulting in a loss on the entire position. Today’s continued decline was unexpected (and unfortunate) and may prompt new entry. Will update.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.